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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Schools
Robbins Ave Langhorne, PA 19047
Individually Owned
9-yr Hold
Free & Clear
Property ID
US73-3005462
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1950
Total area
7,696 SF
Lot
2.1 ac (91,476 SF)
Zoning code
R3
APN
32-005-086
UPID
US73-3005462
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$635k
Owner & transaction history
Penndel Apartments Assocs Nort · 9 yrs held
Penndel Apartments Assocs Nort
since 2017
1 recorded transaction
Zoning & alternative use
R3 · Langhorne, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Langhorne Borough
Top alternative use upside
Commercial (general)
$1.0M
+113.5%
Medical building
$1.0M
+111.6%
Auto repair, garage
$900,000
+90.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Langhorne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Langhorne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$475,000
Current use
COMMERCIAL (GENERAL)
$1,010,000
Change: +113% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: +90% · Conversion: Difficult
RESTAURANT
$740,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$570,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$109,429
Tax year 2024
Assessed value
$489,660
Assessed 2024
Previous assessed
$489,660
+0.0% YoY
Effective rate
22.35%
On assessed value
Assessed land
$63,000
Assessed improvement
$426,660
Land market value
$863,010
Improvement market value
$5,844,632
Total market value
$6,707,642
Applied tax rate
32.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
24
Total area
7,696 SF
Lot
2.1 ac (91,476 SF)
Zoning code
R3
APN
32-005-086
UPID
US73-3005462
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Langhorne, PAZoning R3 · permitted uses
R3 · Langhorne, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Langhorne Borough
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$900,000
RESTAURANT
Est. value
$740,000
RETAIL STORES
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$570,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
24
Lot
2.1 ac
Current owner
From public records · entity-resolved
Penndel Apartments Assocs Nort
Individual
Free & Clear · 9 yrs held
Mailing address
550 AMERICAN AVE STE #1, KING OF PRUSSIA, PA 19406-1441
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2017
$5,500,000
Penndel Apartments Assocs Nort
Cairn University
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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